Covid Spurs Biggest Rise in Life-Insurance Payouts in a Century

December 14, 2021 by Leslie Scism

The Covid-19 pandemic last year drove the biggest increase in death benefits paid by U.S. life insurers since the 1918 influenza epidemic, an industry trade group said.

Death-benefit payments rose 15.4% in 2020 to $90.43 billion, mostly due to the pandemic, according to the American Council of Life Insurers. In 1918, payments surged 41%.

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Originally Posted at The Wall Street Journal on December 9, 2021 by Leslie Scism.